The blockchain info these days is coming in from South Korea which is making some major shifts in the blockchain industry with the announcement of some major projects. After the telecom domain internet groups are also deviating towards this emerging domain. South Korean internet group Kakao is about to receive huge investment from Israeli hybrid blockchain platform Orbs. Both the firms are about to enter in an investment partnership.
Kakao and Orbs will cover all the major aspects of blockchain research, related apps, development as well as their deployment strategy. Their joint subsidiary is called as Ground X that is likely to introduce a unique crypto-based payment solution system in the South Korean market.
Orbsholds an expertise in deploying extremely secure and liquid network through dApp developers which is highly advanced in terms of production-ready scalability. On the other hand, the internet business giant Kakao which is working to develop crypto-based payment along with modernized instant messaging, social networking, ride-hailing and payment processing operations, as mentioned by CCN. The blockchain info coming in from South Korea is being carefully monitored by industry experts.
Orbs CEO and co-founder Daniel Peled stated that the blockchain maturity in South Korea is pretty high that is why Orbs has a potential market value for this region. He further added that this collaboration is valuable enough achieve the desired objective set by both the companies for 2019.
South Korean Blockchain Market Analysis
According to Cindicator, there are several crypto friendly countries in the world such as Japan, Singapore, Estonia, and Switzerland but certainly, there is one country which has the most crypto-friendly population that is South Korea. This is one of the most potential crypto friendly hubs in the entire world.
The blockchain info coming in from South Korea is encouraging enough to attract blockchain firms and startups invest in their economy.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]